New Delhi: State Bank of India has put up for sale two financial assets to asset reconstruction companies, NBFCs and other financial institutions to recover dues of more than Rs 309 crore.

In terms of bank's policy for sale of financial assets, the bank is placing Rajashree Sugars and Chemicals and Shree Vaishnavi Ispat for sale to banks/ARCs/NBFCs/FIs, it said in the expression of invitation for the sale process.

New Delhi: Several of 'maharatna' and 'navratna' companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51% mark.

MUMBAI: Axis Bank, the fourth largest credit card issuer in the country, Thursday tied up with e- commerce major Flipkart to launch a co-branded credit card and is aiming to sell 1 million of the new card in a year.

The new co-branded card comes weeks after American lender Citi launched a similar offering by tying up with payments major Paytm.

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Friday ahead of inflation and factory output data releases.

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Friday ahead of inflation and factory output data releases.

The State Bank of India-led committee of creditors (CoC) of debt-laden Essar Steel is likely to move the Supreme Court on Friday against the National Company Law Appellate Tribunal’s (NCLAT) order that reduced their share of the sale proceeds and also put the financial creditors and operational creditors at par in settlement of claims.

Air India has plans to sell 30 unutilised tracts of land in cities like Mumbai and Delhi to retire the debt transferred to special purpose vehicle Air India Asset Holding, civil aviation minister Hardeep Singh Puri told Parliament on Thursday.

These land parcels include 1.7 lakh sq m and 14,326 sq m plots in Mumbai and New Delhi, respectively. Other cities where the national carrier holds unused land are Bengaluru, Kolkata, Chennai and Ahmedabad.

Ahead of the response it has sought from the company regarding complaints by co-promoter Rakesh Gangwal over alleged violations of corporate governance, the Securities Exchange Board of India (Sebi) on Thursday summoned IndiGo’s company secretary Sanjay Gupta.

Gupta has been company secretary and chief compliance officer at IndiGo since August 2016.

Tata Motors is learning its lessons from customer feedback on electric vehicles (EVs), where range anxiety and high price looms large, according to Mayank Pareek, president of passenger vehicles business, who also blamed bad driving behaviour and traffic conditions for the poor range of its EV Tigor.

His comments come following complaints by government officials that the range is way lesser than what was promised by the company.

Don’t have loose money? You can no longer excuse yourself by saying that, at least in China, where beggars have a new weapon in their arsenal. With the digital revolution taking over the world by storm, Chinese beggars have found a new way to collect alms and that consists just a sheet of paper with a QR code on it. Gathering near the tourist-packed areas, the beggars have begging bowls with a QR code-printed sheet on it. Who can pay? Anyone with Alipay, WeChat Wallet (the two biggest e-wallet companies in China), or some other mobile payment app that can scan the code

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."

"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," Trump wrote on Twitter.

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